Since leasing the water system from the Village in 1997, COWC has invested more than $600,000 in capital improvements and extended water service to residents in Springfield Township.
We believe this innovative partnership has helped residents avoid higher water rates without sacrificing the investment necessary to maintain and upgrade the system," said COWC President Walter J.
COWC sold the water infrastructure serving this area to the county in late 2002 for approximately $16 million and at that time received a short-term contract to operate the system.
This new, long-term contract reflects the professionalism, expertise and efforts of all our employees," said COWC President Walter J.
COWC is a subsidiary of Philadelphia Suburban Corporation, the largest U.
is a wholly-owned subsidiary of Philadelphia Suburban Corporation (NYSE:PSC) headquartered in Bryn Mawr, PA.
PSC Chairman Nicholas DeBenedictis said he is pleased with the progress COWC
has made with the implementation of its growth-through-acquisition strategy.
We are once again pleased to report that we did not have any violations in the past year and our water quality results outperform many of the EPA standards," said COWC president Walter "Buzz" Pishkur.
COWC also plans to spend approximately $18 million over the next three years on capital improvements.
Last month COWC
met with nonprofit leaders to discuss how they can best use their student volunteers, especially in tough economic times.
defines a Neighborhood Hero as anyone who devotes valuable time and energy volunteering to benefit others.